Don't you shareholders scratch your head over the price downtrend? Even today when most stocks are rebounding, Sino Grandness cannot even help falling into the red (-1 cents --> 55 cents). There must be some big sellers out there.
It's hard to fathom why the share price keeps weakening. The Thai investor -- a wily old fellow -- seems confident of Sino Grandness in this CNBC video interview:
PM Group: See potential in Sino Grandness deal
Prayudh Mahagitsiri, Chairman of PM Group, explains the firm's investment in Sino Grandness Food Industry Group. He also discusses Thailand's political situation.
The male interviewer doesn't know what he is talking about -- he asked Prayudh whether he would bring distribution network or quality control to Sino Grandness in order to help Sino "with issues it has had in the past". Sino has not had such issues. In fact, it has marvellously expanded its distribution network in China and it has not had any quality control issue (at least none that is publicly known, so what is this CNBC guy rambling about?).
Thanks for sharing the link. Besides the interviewer, the PM guy was also not very convincing on why they bought into SGFI; he made some general statements but didn't really hit the sweet spot, if there ever was one.
I went to the link and read the report, but I am not convinced as it is overly negative, bordering on scare mongering, much like a short seller's report (I think it was Glaucus) on China Minzhong last year - that company has since been acquired by Indo Agri and is still operating and paying dividends! Nevertheless, thanks for the tip off.
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